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The investment climate is changing as Jupiter and Schroders add green funds

Schroders and Jupiter are tapping into the growing demand for green funds with both set to bring climate change funds to the market.

The Schroders global climate change fund launches in September while Jupiter is adding a sterling share class to its Luxemburg-domiciled climate change solutions fund.

Jupiter is also proposing a £75m C-share issue on its Green Investment Trust, which launched last year.

The Schroders fund will be run by Simon Webber and Andrew Franklin and will invest in 50 to 80 stocks across five themes of energy efficiency, low-carbon fossil fuels, clean energy, sustainable transport and environmental resources.

Schroders CIO Alan Brown says the fund differs from socially responsible investment funds as the firm sees climate change as the biggest investment theme for the next 20 years, expanding into all market sectors, except for banks and healthcare.

He says: “We have reached a tipping point where both political and public opinion has been rife. The Government and the consumer have both become willing to do something about it.”

However, Schroders will not be launching a UK version of its alternative solutions Luxemburg Sicav which is managed by Rodolphe Roche as the FSA has not given approval due to its big exposure to commodity futures.

Managing director Robin Stoakley says: “With 92 per cent of the fund in futures, it is unlikely that we will be able to launch a UK version of the fund unless the FSA changes its position.”

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